Word: tariff
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...notwithstanding, Hoover's one term administration proved astoundingly incompetent. Ever the tinkerer, when the Crash of '29 struck, he strove to intervene, mounting what "progressive" economists dubbed "a new attack on poverty." Big businesses were prodded to keep wages high, resulting in massive, intractable unemployment. The infamous Smoot-Hawley tariff was enacted, leading to the implosion of international trade. And tax rates were hiked drastically on both incomes and profits, driving the private sector ever further into...
...Gore didn't give Perot the economics debate he wanted, instead targeting Perot's obvious weak spot: his temperament. With King obliging as ever, Gore dredged up the disastrous (and catchily named) Smoot-Hawley tariff of 1930, a facile comparison of eras that worked perfectly. Gore handed Perot a framed picture of the pair; he interrupted Perot incessantly, made him lose his temper. Gore's decisive victory was the saving of NAFTA and the beginning of the end of Perot as even a semi-serious public figure...
...course there are plenty of Third World trade unionists on board, although they don't see eye to eye with their American cousins when it comes to tariff protections. And needless to say, the governments of developing countries are hostile to having First World labor standards applied in their countries, which they see as a device to eliminate their competitive advantages...
...involvement in its disappearance. The modern lack of unclaimed land led Fowler to take over a few patches of Mankato, specifically a teacher's office at Mankato West High School. A great deal of air space was also declared to be the property of the Kisone Republic. A stiff tariff was imposed upon people entering the office, but it proved hard to maintain...
...surplus to pay down the U.S. national debt. He favors targeted, middle class tax cuts, but shies away from the broad tax cutting strategies of George W. Bush and John S. McCain. On trade, he has been a consistent supporter of global market agreements, and says he strongly supports tariff reductions. He supports the granting of most-favored nation trading status for China...